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RBC highlights paper products news for the week (March 27): Chinese pulp prices consolidating just below US$1,000/tonne; Nine Dragons, Lee & Man among Chinese board producers taking downtime amid rising COVID cases; RYAM raises fluff pulp prices in China

Lee & Man's 2021 profit down 11.0% year-over-year to HK$3.25B as result of rising input and transportation costs, tight supply of waste paper amid China's waste ban; revenue up 25.7% to HK$32.51B on rising pulp prices and demand for packaging paper

Lee & Man starts up Baotuo BC1300-2850 Crescent tissue machine from Baosuo Machinery at its mill in Jiangxi, China, with other machines scheduled to start up within the year; energy-saving TM36 will help Lee & Man achieve sustainability targets

Lee & Man Pulp Manufacturing's Chongqing mill in China hires Valmet to upgrade recovery boiler with project to be completed in Q2 2022; order includes new recovery boiler floor with composite tube San38/SA210, primary air ports, castings, furnace screen

Lee & Man's H1 net profit surges 42.8% year-over-year to HK$2.0B on revenue up 37.1% to HK$15.2B; packaging paper demand up amid online sales boom, China plastic restriction, as firm to expand recycled pulp business to replace imported waste paper

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